ECON-MIX

ECON-MIX

9th - 10th Grade

25 Qs

quiz-placeholder

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ECON-MIX

ECON-MIX

Assessment

Quiz

Business

9th - 10th Grade

Practice Problem

Medium

Created by

nimesh dinuka

Used 9+ times

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25 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The inability to satisfy all wants at the same time

demand
supply
consumption
scarcity

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Factors of production that are used in the production of goods and services

products
resources
services
consumption

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Selecting an item or action from a set of possible alternatives

choice
command
products
demands

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Combining of the resources to make goods or provide services

consumption
demand
supply
production

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Economy where there is a lack of consumer choice

traditional
command
free market
mixed

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

An entrepreneur is a person who - 

enforces government regulations for businesses
takes the risk of production to earn a profit
sets the interest rates at banks
manages financial investments

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A form of business organization with one owner who assumes all of the risks AND the profits

Proprietorship
Partnership
Corporation
Entrepreneur

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